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United Parcel Service, Inc.(UPS) is an American multinationalshipping & receivingand supply chain managementcompany founded in 1907.[1] Originally known as the American Messenger Companyspecializing in telegraphs, UPS has expanded to become a Fortune 500company[6]and one of the world's largest shipping couriers.
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1 ]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
Dimensional weight, also known as volumetric weight, is a pricing technique for commercial freight transport (including courier and postal services), which uses an estimated weight that is calculated from the length, width and height of a package. The shipping fee is based upon the dimensional weight or the actual weight, whichever is greater.
Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers.
kilometre (km) or kilometer is a metric unit used, outside the US, to measure the length of a journey; the international statute mile (mi) is used in the US; 1 mi = 1.609344 km. nautical mile is rarely used to derive units of transportation quantity.
FOB (shipping) FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
FedEx Ground is the division's core package delivery service which delivers daily to all 50 US states with delivery timeframes of 1-5 days for the Contiguous United States and 3-7 days for Alaska and Hawaii. Its FedEx International Ground service ships packages between the United States and Canada and within Canada. [13]
Because of UPS, Louisville is the fourth-busiest cargo airport in the world, and the second busiest in the United States. [10] Although UPS has had a hub at Louisville since 1980, the term was not used officially by the company until 2002, after a $1 billion, five-year expansion. [21] Previously, the project was named Hub 2000.